Wellcare Health Plans, Inc. Com (NYSE:WCG):
WellCare of New York Expands Field-Based Care Management Program to Deliver Personalized Care for High-Risk Members.
In the market the company is trading down from yesterday’s close of $115.13.
Shares last traded at $114.03 a tad under the 50 day moving average of $115.35 and which is marginally over the 200 day moving average of $107.14. The 50 day moving average moved down $-1.32 and the 200 day average went up $6.89 or +6.43%.
The P/E ratio is currently 28.49 and the market cap of the company is 5.05B. As of the last earnings report the EPS was $4.00 and is estimated to be $5.03 for the current year with 44,268,000 shares now outstanding. Next quarter’s EPS is estimated at $0.65 and the next full year EPS is anticipated to be $5.94.
Several brokerage firms have released ratings on Wellcare Health Plans, Inc. Com recently. May 5 investment analysts at Leerink Swann held the stock rating at “Outperform” but moved up the price target to $110.00 from $74.00. On February 22 the stock rating was upgraded from “Neutral” to “Overweight” and a price target of $114.00 was set by JP Morgan.
JP Morgan raised the price target and upgraded the stock on February 22 changing the price target from $80.00 to $114.00 and altering the rating from “Neutral” to “Overweight”. On January 8 Jefferies made no change to the company rating of “Hold” and lowered the price target from $84.00 to $80.00.
On December 16, 2015 Credit Suisse began coverage of WCG with a rating of “Underperform” and projecting a price target of $75.00. November 5 investment analysts at Stifel Nicolaus left the stock rating at “Buy” but lowered the price target to $100.00 from $110.00.